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Appraiser and Assessor of Real Estate

Appraise improved or unimproved real estate property.

What does an Appraiser and Assessor of Real Estate do?

Appraises improved or unimproved real property to determine value for purchase, sale, investment, mortgage, or loan purposes: Interviews persons familiar with property and immediate surroundings, such as contractors, home owners, and other realtors to obtain pertinent information. Inspects property for construction, condition, and functional design and takes property measurements. Considers factors, such as depreciation, reproduction costs, value comparison of similar property, and income potential, when computing final estimation of property value. Considers location and trends or impending changes that could influence future value of property. Searches public records for transactions, such as sales, leases, and assessments. Photographs interiors and exteriors of property, to assist in estimating property value, to substantiate findings, and to complete appraisal report. Prepares written report, utilizing data collected and submits report to corroborate value established. May direct activities of appraisers. May evaluate staff job performance and recommend measures to improve performance according to establishment policies and procedures.